Rumors circulate in the financial and retail sectors about potential acquisitions of American fashion brands.
The report shows that the company was founded in 1981 by the Marciano family and has attracted initial interest from several unnamed suitors, the winner of the bid was a real brand group. Under the terms of the deal, the company’s co-founders Maurice and Paul Marciano and CEO Carlos Alberini will own 49% of its intellectual property. Authentic Brand Group will own 51%.
After speculating about financial performance for a period of time shows resilience in key international markets, speculation emerges when speculating about strategies to strengthen its global retail business.
The deal agreed to require regulatory agencies and shareholders of the company to obtain approval, and the board evaluated any deals targeting the brand’s long-term strategic future. However, the price is priced at $1.4 billion and about $16 per share, which proves to be too tempting. Will you sell your fashion company in 40 years?
“We look forward to what we have built to strengthen the significant progress we have made in strengthening the organization,” Alberini said in a statement. “As a private company that benefits from the perspective of a globally recognized licensing partner, guess? Will it enhance the flexibility to drive today’s complex operational environment.”
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